My Husband is finally free - REO Property Preservation Forum
Reply
 
LinkBack Thread Tools Display Modes
post #1 of 14 (permalink) Old 04-18-2016, 07:44 AM Thread Starter
Senior Member
 
Join Date: Jun 2013
Posts: 125
Thanks: 22
Thanked 61 Times in 38 Posts
My Husband is finally free

So after 4 year in the P&P business my husband finally decided all the bull**** isn't worth it. Things had gone well for a few years, but the last year things went down hill fast. Other vendors getting his bids and then him getting their "return at your own cost" because they messed up. Having to fight with the vendor management to get it corrected as he did not do the work and wasn't going to take the fall for some hack.

Then with BLM taking over HUD, the Asons work went from several good jobs a week to zero.

A few weeks ago we sat down and discussed the pros (not many) and cons ( to many to count) of this field of work and he agreed it was time to move on. He called the three companies he was a vendor for and explained he would no longer be doing P&P work. They understood and wished him well as did he to them.
Insurance has been cancelled and he started a full-time job this morning as a heavy equipment operator at a Power Plant making $28 and hour with overtime if needed.

The best thing was this past week he had several phone calls from two of the companies asking if he would reconsider as they have no vendors in the area now and just got a "boat load of work". Um nope not doing it.

Good luck to those of you who are trying to get started in this field your going to need it.
ctquietcorner is offline  
The Following 5 Users Say Thank You to ctquietcorner For This Useful Post:
All Island Handy (04-18-2016), JoeInPI (04-23-2016), mtmtnman (06-26-2016), PropPresPro (04-18-2016), safeguard dropout (04-18-2016)
Sponsored Links
Advertisement
 
post #2 of 14 (permalink) Old 04-18-2016, 07:52 AM
Low quality low cost
 
Craigslist Hack's Avatar
 
Join Date: Jun 2012
Location: Every city
Posts: 2,337
Thanks: 695
Thanked 1,687 Times in 846 Posts
The nebie's should really pay attention to this thread!

Congrats to you and your husband. Life will be easier and more rewarding now.
Craigslist Hack is offline  
The Following 3 Users Say Thank You to Craigslist Hack For This Useful Post:
All Island Handy (04-18-2016), ctquietcorner (04-18-2016), mtmtnman (06-26-2016)
post #3 of 14 (permalink) Old 04-18-2016, 08:45 AM
Senior Member
 
Join Date: Mar 2013
Posts: 164
Thanks: 6
Thanked 162 Times in 66 Posts
Sorry to hear that after 4 years your husband didn't "Get it"
That's plenty of time to find better work.
Oh well, another person who thinks this business is only about working for "Middleman" bites the dust!

Some people are Indians and some are Chiefs, your husband may be a Indian and there is absolutely nothing wrong with that, I wish him luck and congratulate him on the new job!
bigdaddy is offline  
Sponsored Links
Advertisement
 
post #4 of 14 (permalink) Old 04-18-2016, 08:55 AM
G 3
Senior Member
 
Join Date: May 2015
Posts: 210
Thanks: 255
Thanked 145 Times in 85 Posts
$28/hr is nothing to thumb a nose up to. I assume that this job comes with insurance (The health insurance you pay for and not the business insurance you're raped for), and I'm sure the power company also has some sort of retirement fund. All together, he's making more in a year than most of the newbies make in 3 years.

Congrats on getting it right.
G 3 is offline  
The Following 3 Users Say Thank You to G 3 For This Useful Post:
ctquietcorner (04-18-2016), mtmtnman (06-26-2016), safeguard dropout (04-18-2016)
post #5 of 14 (permalink) Old 04-18-2016, 10:17 AM
Senior Member
 
safeguard dropout's Avatar
 
Join Date: Apr 2015
Location: Midwest
Posts: 628
Thanks: 410
Thanked 406 Times in 233 Posts
Another middle man didn't bite the dust, he just wised up like a lot of us should do. Congrats on the new job. Start enjoying your weekends!

One question; Are the 3 companies paid up? If not then the charge backs may start rolling in. Hope that doesn't happen.....
safeguard dropout is offline  
The Following 2 Users Say Thank You to safeguard dropout For This Useful Post:
ctquietcorner (04-18-2016), mtmtnman (06-26-2016)
post #6 of 14 (permalink) Old 04-18-2016, 10:26 AM Thread Starter
Senior Member
 
Join Date: Jun 2013
Posts: 125
Thanks: 22
Thanked 61 Times in 38 Posts
Quote:
Originally Posted by G 3 View Post
$28/hr is nothing to thumb a nose up to. I assume that this job comes with insurance (The health insurance you pay for and not the business insurance you're raped for), and I'm sure the power company also has some sort of retirement fund. All together, he's making more in a year than most of the newbies make in 3 years.

Congrats on getting it right.
I have health insurance though my job so he doesn't have to get it. They have a 401K they match 100%, life insurance for him and me at no cost, free rubbish disposal as it is a waste to energy plant, guarantee 5% raise yearly, Christmas bonus. Yea they have a lot of good things.

He is very excited.
ctquietcorner is offline  
The Following User Says Thank You to ctquietcorner For This Useful Post:
mtmtnman (06-26-2016)
post #7 of 14 (permalink) Old 04-18-2016, 10:27 AM Thread Starter
Senior Member
 
Join Date: Jun 2013
Posts: 125
Thanks: 22
Thanked 61 Times in 38 Posts
Quote:
Originally Posted by safeguard dropout View Post
Another middle man didn't bite the dust, he just wised up like a lot of us should do. Congrats on the new job. Start enjoying your weekends!

One question; Are the 3 companies paid up? If not then the charge backs may start rolling in. Hope that doesn't happen.....
Yes they are 100%.
ctquietcorner is offline  
The Following 2 Users Say Thank You to ctquietcorner For This Useful Post:
JoeInPI (04-23-2016), mtmtnman (06-26-2016)
post #8 of 14 (permalink) Old 04-18-2016, 10:51 AM Thread Starter
Senior Member
 
Join Date: Jun 2013
Posts: 125
Thanks: 22
Thanked 61 Times in 38 Posts
Quote:
Originally Posted by bigdaddy View Post
Sorry to hear that after 4 years your husband didn't "Get it"
That's plenty of time to find better work.
Oh well, another person who thinks this business is only about working for "Middleman" bites the dust!

Some people are Indians and some are Chiefs, your husband may be a Indian and there is absolutely nothing wrong with that, I wish him luck and congratulate him on the new job!
He did get it and he refused to be pushed around by both the nationals and regionals. They didn't like that fact that he wouldn't drive 2 hours one way for a $100 job. It was just him, he had no helper and all the work he did was done faster and better than those that have crews. We've seen the work done by others and we couldn't figure out how they were getting paid for it.

I had tried to get work with the realtors in the area, but the need for a P&P or REO person wasn't there. Most of the homes for sale were being lived in and maintained by the owners. If it was a foreclosed home then they were already signed up with a national P&P company and didn't want to change.
As for the banks they were also stuck on using the nationals for any P&P work.


He had a lot of equipment before he started in P&P so his overhead was not big. What little he had to purchase he can sell.

It was interesting while it lasted. We know his nephew who was the reason he started doing this has been put into bankruptcy because of it.
ctquietcorner is offline  
The Following User Says Thank You to ctquietcorner For This Useful Post:
mtmtnman (06-26-2016)
post #9 of 14 (permalink) Old 04-18-2016, 11:48 AM
Super Moderator
 
PropPresPro's Avatar
 
Join Date: Apr 2012
Location: Big Sky Country
Posts: 1,207
Thanks: 423
Thanked 929 Times in 465 Posts
Quote:
Originally Posted by ctquietcorner View Post
Yes they are 100%.
Perfect way to exit the industry!
Good luck (although I doubt you'll need it)

Iíve already told you more than I know.
PropPresPro is online now  
The Following 5 Users Say Thank You to PropPresPro For This Useful Post:
ctquietcorner (04-18-2016), G 3 (04-18-2016), GTX63 (04-18-2016), JoeInPI (04-23-2016), mtmtnman (06-26-2016)
post #10 of 14 (permalink) Old 04-23-2016, 06:28 AM
Junior Member
 
Join Date: Aug 2015
Posts: 19
Thanks: 3
Thanked 4 Times in 3 Posts
Congrats! That is great news! Enjoy those mythical weekends I hear about!
sixxgunner is offline  
The Following 2 Users Say Thank You to sixxgunner For This Useful Post:
ctquietcorner (04-25-2016), mtmtnman (06-26-2016)
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the REO Property Preservation Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome